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Oracle's largest data center partner, Blue Owl Capital, will not provide funding for a $10 billion deal to build its next facility, a source said, amid growing concerns about the cloud computing company's rising debt and artificial intelligence spending

790,187 次观看 • 7 个月前 •via X (Twitter)

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BlackRock just spent $100 million training plumbers and electricians. The initiative is called Future Builders. The goal is to get 50,000 Americans through skilled trades programs over five years, electricians, HVAC techs, ironworkers, pipefitters. There is a real crisis behind it. America is trying to build the most ambitious AI infrastructure in history. Meta alone is spending up to $50 billion on a single data center campus in Louisiana. That construction requires an enormous amount of electrical work. There are not enough electricians to do it and the numbers are stark. About 200,000 electricians are expected to retire over the next decade. We need over 300,000 new ones just to build out the data centers Big Tech is racing to complete. The gap is not closing on its own. Microsoft and Google have both flagged the electrician shortage as a top constraint on U.S. data center expansion. For decades, the U.S. pushed every student toward a four-year degree. Trade enrollment fell, apprenticeship pipelines thinned out, the workforce aged and was never replaced. Now the bill is coming due at the worst possible time. BlackRock also invested over $3 billion in the bonds financing Meta's Hyperion data center, part of a $27 billion private debt deal, the largest ever structured for a single project. It is now funding both the AI buildout and the workers needed to finish it. AI is not automating the electrician. AI is the reason the electrician now has more leverage than ever. Every model, every data center, every autonomous system runs on physical infrastructure that only a credentialed tradesperson can legally build and energize. The technology that was supposed to replace blue-collar work turned out to need blue-collar work more than any other sector right now.

StockMarket.News

277,436 次观看 • 4 个月前

EXCLUSIVE: Rachel Reeves has proposed increasing defence spending by less than £10 billion over the next four years despite stark warnings that Britain’s “national security and safety is in peril” The chancellor has outlined plans with the prime minister for a “limited” increase amid concern about the impact of the Iran war on the public finances The armed forces have warned that they are facing a funding gap of around £28 billion over the next four years on their existing plans However a government source said that Reeves has proposed an increase in funding of less than £10 billion during her discussions with Sir Keir Starmer, fearing a bigger increase would be unaffordable The Iran war has pushed up the cost of government borrowing and households face higher energy bills, petrol costs and prices in shops The chancellor is drawing up plans for a targeted energy bill bailout for low-income households this winter and is also expected to shelve plans to begin increasing fuel duty by 5p a litre from September at a cost of about £2.6 billion. Both measures will add to pressure on the public finances The State of It political podcast from The Times and The Sunday Times has been told that Reeves is unwilling to break her fiscal rules or increase taxes to boost defence spending John Healey, the defence secretary, is pressing for a bigger increase as there are concerns that £10 billion will not be enough, given the increasing likelihood that British forces will be deployed to Ukraine and the Middle East

Steven Swinford

42,545 次观看 • 3 个月前